Sadara Chemical widens losses in Q1 2019

12/05/2019 Argaam

Sadara Chemical Company, the parent company of Sadara Basic Services Co., widened losses after zakat and tax by more than two-fold year-on-year (YoY) to SAR 1.25 million for the first quarter of 2019, driven by lower sales.

 

When compared to the previous quarter, net losses shrank by 16.7 percent, due to the company’s cost-optimization initiatives.

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